Inherited IRA Record Keeping
My wife passed away in 2012 and I inherited her IRA. I have all her IRA records since 1985. How long must I keep these records ?
Thank you
Terry Says
Have you started your own withdrawals on this inherited IRA yet? Has it always been with the same custodian?
I’m a bit nutty about keeping financial records — just in case. But if you’ve withdrawn all the money and paid the taxes on the withdrawals, no need to keep the records. If you’re still withdrawing, keep them from the date of her death.
